Market softness currently and I guess the big elephant in the room likely affecting the timing of the NYSE listing relates to the Fed interest rate decision due in mid-December. Read today that markets are now calling a 60%+ chance of the first rate hike since GFC so there’d be broad trepidation anticipating the greater market response. Some clear air post a rate hike would be the safer bet which is maybe why a January listing for AJX is more likely.
Rate hike would also signal a stronger USD – great for AJX contracts going forward..
Market softness currently and I guess the big elephant in the...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.18M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72250 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 73760 | 2 |
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| Last trade - 16.12pm 17/07/2024 (20 minute delay) ? |
| AJX (ASX) Chart |
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